The Art of Trading
Smart traders are not just those who know it, but those who also have the ability to recognize the “opponent”.
The need to find a complete theory that can bring you success, gives you the power to learn more and more. And based on this theory, it’s just as important to properly execute a trading plan.
Starting from the basics, it is vital to have clear goals and create a clear trading plan to strengthen your position. Most of the success is gained before you even go out on the “battlefield”, and in the end, strong plans are an integral part of the art of trading!
Always be two steps ahead of your “opponent”
As traders, you already accepted and understood your risks. That’s why it’s beneficial to stick to your trading plan and support it in every way. And remember that a complete plan is one that has been meticulously built based on the practical form of the theory that you have chosen to follow.
Before challenging your trading choices, consider the possible results. It’s important to identify your positions of power. Always be two steps ahead of your “opponent”. Identify what the failed results could be and what their source of origin is. Keep your trading strategies open enough, and ready to deal with them. Prevention and adaptability are your friend, and give you a continuous position of power.
Don’t love words but deeds!
To gain trading success, you need to work hard. No one will make your life easier, and it’s your duty to find the strength that will lead you to victory.
Decide which trading tools your strategy will rely on. In order for a strategy to be considered sufficient, both offensive and defensive tactics need to be developed. That’s why it’s vital to have an in-depth understanding of the available tools. If necessary, separate the trading tools you will use into two categories but always have in mind that these tools make up the overall success of your strategy!
According to the above, it is understood that with a proper understanding of the “Art of Trading”, a trader can organise himself and gain the confidence to accept eXcentral’s challenge!